The Courier News from Blytheville, Arkansas on October 29, 1954 · Page 3
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The Courier News from Blytheville, Arkansas · Page 3

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Blytheville, Arkansas
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Friday, October 29, 1954
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Page 3
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FRIDAY, OCTOBER 29, 1954 BLYTHEVrLLE (ARK.) COURIER NTfTTS PAGE THREE Today Is 25th Anniversary Of 'Black Friday' Stock Crash By ED CREAGH WASHINGTON (AP) — Just 25 years ago today the bottom fell out of the New York Stock Exchange. The echoes of that spectacular crash still rumble around the world. For the market crash of Oct. 29. 1929, heralded the greatest depression this country has ever known. It'engulfed the United States in a worldwide economic morass that proved a breeding' place for the seeds of World War 11. Her* at home, the depression* • swept Franklin D. Roosevelt and I I ^ / t f* ' I Aged Snakeroot Said Incredible New Drug CHICAGO (AP) — A research team today reported "dramatic" and seemingly "incredible" results in treating Perhaps as important as any other effect, the crash and the depression did something to the American spirit. They didn't, as they seemed for t time to threaten to do. make this a nation of pessimists. But they did. perhaps permanently, dampen a notion that Americans . were destiny's tots— that this coun- tr_ was somehow exempt from the woes that were always besetting foreigners. And of course that time of shaken values and bruised fatth had this added lingering effect, among others: it led some Americans to a belief, rudely shattered for most in the years to come, that the Russians had come up with a system which worked better. Memorable Day All told, that Oct. 29 was a memorable day. Maybe it should be observed each year. Not a day of rest, as a holiday would be, but one of deep if not prayerful meditation, which is hard work indeed. Actually, the trouble didn't start Oct. 29. The market broke sharply as early as March of that year. It bounced back swiftly, however, and its very recovery served to discredit the few skeptics who kept asking how long this crazy spree of paper prosperity could continue. On Sept. 3. 1929. the Associated Press average of 60 selected stocks soared to an all-time peak: $157.10 K share, By the- middle, of that month the average began to drop, however. By October it was skidding several dollars each day. Oct. 24— still known as "Black Thursday" —saw the skid become a headlong tumble. A wild rush to sell wiped out five billion dollars in stock values in a single day. The bottom finally fell out five days later— 25 years ago today. The nation was a long time recovering. The Democrats say they saved it. The Republicans say it never was really saved 1 , except by war booms, until they got, back in office. The Democrats say conditions aren't too good right now, if you want their opinion. The Republicans say things were never better in time of peace. Another Not Likely One thing most experts agree on— the nation isn't likely to have another major depression. What's to stop another 1929-type boom and bust? A number of things: Uglier reins on speculation. Sounder values of stocks. Above all. perhaps, a long period of sobriety on'the part of the American people— a realization that another gambling - on-the-market spree might end up in the same kind of post-1929 hangover. So most experts say. But not all. J. Kenneth Oalbralth, the Harvard economist, asks himself in the current Harper's magazine if 1929 can happen again— and answers: "of course." Never underestimate. says Galbraith, the ability of people to make fools of themselves when they think they see a chance to get rich. Convict Claims Mistake Cost Him 9 Years CINCINNATI W — An inmate at the Ohio Penitentiary in Columbus claimed today he's spent too much time in prison .because of a clerical mistake. And prison officials think he may be right. John D. Ingram, 55, convicted by a Hamilton County jury July 17, 1930, of a robbery which netted him 80 cents, wrote his troubles to the court clerk here. "There appears to be some confusion and technical misunderstanding as to just what kind of sentence I .got — definite or indefinite," he wrote. As he remembers the trial, the judge sentenced him to 15 years. "I became a victim of circumstances because the clerk at the penitentiary macd an unfortunate mistake and made it 15 to 25 years." Court officials said Ingram was right — he was sent up for, a 15 year term. They plan to look into his record today, but they wonder why it took him more than nine years to figure he had overstayed his term. New Reassurance about Clwcf life A specialist's view of rial*- - ral and artificially induced menopause that will set At rest many unfounded fear*. Dr. Henry B. Safford reveals the truth abmit many tvmplonjs and tells of modern treatment. Don't mis* "Tell Me Doctor," in the NOT. Journal. Out today on nil ncwiJUnd*. "hopelessly" insane patients snakeroot remedy from India. They said the drug, reserpme, brought improvement in 80 per cent of the 14 "backward" mental hospital patients they treated. Eight have been discharged and 20 others have become so much better with continued use of the drug that they may be sent home on leaves of absence. Reserpme also appeared vo help mentally ret'aive- patients. The doctors said reserpine should not be regard as a "panacea In the treatment of the mentally ill and mentally retarded." However, if further studies bear out their results, they added, "re- serpine will be the most important thereapeautic development in the history of psychiatry." Revolutionize Psychiatry They said they expect it to revolutionize present psychiatric treatment. They added they believe reser- piije can be substitute as superior for the often-feared electroconvul- sive shock treatments in 75 pel- cent of mental cases. Reserpine is a chemically pure derivative of rauwolfia serpentina. This Indian plant has been used for centhries in the treatment of mental illness, insomnia, snake bite, anxiety states and other conditions. Lately, it has been found effective in lowering blood pressure in hypertensive patients. The team of American physicians, Drs. Robert H. Noce and David B. Williams of odesto, Calif., and Walter Rapapbrt of Sacramento, investigated reserpine because of recent enthusiastic imports from India on its effectiveness in mental illness. Poorest Selected They selected for their study only those mental patients at Modesto State Hospital with the poorest prospects for recovery. Writing in the journal of the American Medical Assn. on results obtained with the drug, they said: "Patients have undergone a metamorphosis from raging, combative unsociable persons to cooperative, friendly, cheerful, sociable relatively quiet persons who are amenable to psychotherapy and rehabilitative measures. . ." The drug apparently acts on the hypcthalamus, the seat of emotional behavior in the brain. Th doctors said th drug not only exerts a tranquilizing action but "we believe that a reorganization a new form of an old of the personality is taking place in an amazing, rapid, satisfactory Giant 'Sweet Tooth' Brings Sour Results PHILADELPHIA Ml—Americans consume 100 pounds of sugar per person a year and that giant sweet tooth ''causes a sour tooth of equally gigantic proportions," a dental expert said .yesterday. "The sour acids of tooth decay affect 95 per cent of our population." said Dr. Paul E. Boyle, professor of oral histology and pathology at the University of Pennsylvania School of Dentistry. Boyle, speaking at the 37th annual meeting of the American Dietetic Assn., said sweets cause most tooth decay. "Studies have shown that nutritional deficiencies do not cause cavities." he said. "They affect teeth'only while the teeth are still being formed." He said experiments have shown that fluorine in tiny amounts during the period of, tooth formation reduces the occurrance of cavities by at least 50 per cent. Phone Pole Shortage EL CENTRO. Calif. Wi — "Hardly a day goes by that somebody doesn't call me to ask for a telephone pole." says the manager of the phone company. Howard Rose said the poles are much in demand for television antennae, which must be raised high to receive programs from Yuma, Ariz. Some people have even felled poles, ripped them free of encumbering wires and hauled them away, he said. Others have stolen them from stockpiles. "We have a backlog of orders for old poles that will take a year to fill," Rose said. The price of a pole: $80. Saving in Cake LINCOLN. Neb. ifi — One birthday cake can do triple duty at the Edward Loos home near Lincoln. All there of the Loos children — 6-year-old David, 4-year-old Linda Jo, and infant Paul Andrew — were born the same day. L.MJIES A- GENTI,EMKN: Not since THE JAZZ S1NGKR brought up sound in 1927 has there been an entirely new type, unbelievable motion picture. At last, now there is one! It is called "KARAMOJA." It was filmed in the wonderful new Eastman-color. U ift thr. story of the Land of the Last Lost Tribe of Israel. Karamojans practice today the ancient rites of Baal. They worship the Golden Calf. They are of tbe Iran and Stone Ages, living on a diet solely of blood and beer. They have changed nothing, madft no progress. They arc untouched by modern civilization. White, man had never seen Inside K»ra- mnj» until Dr. William B. Treutlt »nd his wife succeeded in entering this enchanted Und of the Lobor mountains, two years ago. Dr. Treutle, i novice with a earner*, filmed this unbelievable movie, HALLMARK has selected The Roxy Theatre for Ita exclusive local showing. "KARAMOJA" will never b« shown on TV, So be sure U» Me »t THE ROXV THEATRE, starling Tuesday, Nov. Jnd. , LITTLi UZ— Everyone needs some extn large bath rowels to wear when answering th* phon«. CHU« Four Die in Car, Train Collision DENVER '.^ — Two Denver hoys died and their parents, two sisters and a brother were injured seriously lasl nifiht when their cnr collided with it Rock island Rnil- rond freight train. Killed in (he cniMi oi\ the northeast Denver outskirts Was Richard Boiler, 9. His brother. William, t>. died an hour later sit a hospital. Mr. and Mrs. Conrad G. Be^ler and their three other children, Shirley Ann. 11, Carol Diana, 8, and James, 13. were Injured. Heiress Seeks Rest 750,000th Gl Honored SKATTLK M - A raipoial Irom Chicago, Wnlter R. ScoRi'cn, was j honored yesterday as the 750,000th ! O.T. lo come home from Korea. He has been in the Army 23 months. 16 of them in the Far East. MEXICO CITY (#—Heiress Bar- barn Hut ion arrived litre yesterday mid said she would spend j month of "absolute rest" on j plantation near Cuerrmvncft. Her estranged husband, Porfirio Rubirosa, is scheduled to arrive soon to participate in Uie Pan American Road Race Nov. 19-23. There \va> speculation as to whcth- iev the uvo might meet, bvu Miss, i Million declined comment on "pri-[ Wonts tb Keep Clean vine aliairs." SWKKI*\VATF;R. Tex. '.^-police opined it was a cleiin-ininded thiei who turned up in SwretwiiltT. He stole the bathtiil) from a residence Wednesdav ni^lu. Road Courier News Classified Ad*. antf get it FORMS always demamL The hufie bronze figure atop the ] dome of the U. S. Capitol Is railed the Statue ot Freedom. World's Largest Seller at Wt SAVE MORE ON LARGER SIZES * * REPEATED BY POPULAR DEMAND!! DREIFUS' 19th USE DREIFUS CONVENIENT LAY-AWAY PLAN! SHOP AND SAVE NOW FOR CHRISTMAS DREIFUS NOW 8 THE GREATEST OF ALL TIME! MORE FABULOOJ THAN EVER BEFORE FABULOUS WATCH SALE OVER 500 FABULOUS 17-JEWEL SWISS PRECISION WATCHES IMAGINE A WOMAN'S TWO-DIAMOND WATCH AT THIS PRICE! THINK OF A MAN'S 14-KARAT GOLD WATCH FOR 18.88. THIS IS THE FABULOUS EVENT YOU'VE RAVED OVER ... NOW MORE FABULOUS THAN EVER BEFORE! CASES, MOVEMENTS STYLES THAT RATE SKY-HIGH PRICE TAGS. NEVER A GREATER COLLECTION, NEVER EVER GREATER VALUES! EXCITING RHINESTONE-STUDDED WATCHES The greatest watch selection we have ever offered • Evwy wofeh with brand ntw 17- jewel Swlts pr«ci%ion mov«m«nH mm K-ra&lf-M WATCHES WITH 14-KARAT GOID CASES': SAVE!! in this huge sale of SALES!! &NSION. IINK AND MESH BRACELET WATCHES PAY ONLY S 1°° A WEEK DHEIFUS Mcel DrBifiis% Wear Diamond^

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